subject
Business, 21.01.2020 01:31 ciel8809

Acompany is trying to determine if they should accept a shipment of toy parts. the shipment has over 1 million parts. they decided to randomly select 100 parts out of the shipment. they will only accept the shipment if 1% or less of all of the parts are defective. out of the 100 selected, 4% are defective. identify the numbers "1%" and "4%" as either statistics or parameters.

a. 4% is a statistic and 1% is a parameter
b. both numbers are parameters.
c. both numbers are statistics.
d. 4% is a parameter and 1% is a statistic

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 13:50, Jessieeeeey
Classify each of the following items as a public good, a private good, a natural monopoly good, or a common resource.(a) measles vaccinations (b) tuna in the pacific ocean (c) airline service in the united states (d) local storm-water system
Answers: 1
image
Business, 22.06.2019 16:30, piratesfc02
Suppose that electricity producers create a negative externality equal to $5 per unit. further suppose that the government imposes a $5 per-unit tax on the producers. what is the relationship between the after-tax equilibrium quantity and the socially optimal quantity of electricity to be produced?
Answers: 2
image
Business, 22.06.2019 19:30, sky81428
Which of the following occupations relate to a skill category of words and literacy
Answers: 1
image
Business, 22.06.2019 19:50, ahoney2233
Statistical process control charts: a. indicate to the operator the true quality of material leaving the process. b. display upper and lower limits for process variables or attributes and signal when a process is no longer in control. c. indicate to the process operator the average outgoing quality of each lot. d. display the measurements on every item being produced. e. are a graphic way of classifying problems by their level of importance, often referred to as the 80-20 rule.
Answers: 2
You know the right answer?
Acompany is trying to determine if they should accept a shipment of toy parts. the shipment has over...

Questions in other subjects:

Konu
English, 02.03.2021 04:00